Viacom Inc. Expected to Post FY2022 Earnings of $3.65 Per Share (VIAB)

Viacom Inc. (NASDAQ:VIAB) – Equities research analysts at Gabelli issued their FY2022 EPS estimates for shares of Viacom in a report issued on Friday. Gabelli analyst B. Harriss expects that the company will post earnings per share of $3.65 for the year.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis.

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Other analysts have also issued reports about the stock. B. Riley reissued a “neutral” rating on shares of Viacom in a research note on Wednesday, November 1st. BidaskClub lowered shares of Viacom from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Wells Fargo & Company lowered shares of Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Jefferies Group LLC restated a “buy” rating and set a $43.00 price target (down previously from $52.00) on shares of Viacom in a report on Wednesday, August 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Viacom in a report on Tuesday, September 12th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company. Viacom presently has an average rating of “Hold” and an average price target of $36.96.

Viacom (NASDAQ:VIAB) traded up $1.09 during mid-day trading on Monday, reaching $27.26. 9,164,629 shares of the company traded hands, compared to its average volume of 5,123,370. Viacom has a fifty-two week low of $22.13 and a fifty-two week high of $46.72. The firm has a market capitalization of $10,850.00, a price-to-earnings ratio of 6.94, a PEG ratio of 0.90 and a beta of 1.53. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio is 17.17%.

Several institutional investors have recently made changes to their positions in VIAB. Bank of Montreal Can increased its position in shares of Viacom by 7.0% during the 2nd quarter. Bank of Montreal Can now owns 193,788 shares of the company’s stock worth $6,507,000 after purchasing an additional 12,667 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Viacom by 14.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 107,833 shares of the company’s stock worth $3,620,000 after purchasing an additional 14,000 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Viacom by 24.4% during the 2nd quarter. LS Investment Advisors LLC now owns 20,504 shares of the company’s stock worth $688,000 after purchasing an additional 4,026 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Viacom by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock worth $735,000 after purchasing an additional 500 shares in the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Viacom by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 115,804 shares of the company’s stock worth $3,888,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.

Viacom Company Profile

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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